Auto Shop With Central
New
For Sale
$600,000
1201 Broad River, Columbia, SC 29210
Commercial auto-shop property along the Broad River corridor in Columbia, offering an established roadside business location.
Property Size2,280 SF
Price / SF$263.16
Days on Market5
Property Features for 1201 Broad River
General Information
Standard status
Active
Size
2,280 SF
Property subtype
General Commercial
Amenities
Central Air
Building Details
Year Built
1955
Listing Agency:
RE/MAX Results
(803) 632-0075
Listed By:
Nicolette Fischer · License #100465
(803) 269-8880
Source:
Xome
Added: Aug 30
Changed: Sep 2
Last Checked: Sep 2 at 2:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
Investment Insights
Based on property information with market context.
This auto-shop property at 1201 Broad River in Columbia contains 2,280 square feet of commercial space and includes central air. The building dates to 1955, providing an established physical asset for automotive operations or another use consistent with the property’s classification.
The site is positioned along the Broad River Road corridor, an established commercial area with access to major parts of Columbia. Its location places the property within an active business corridor while retaining a straightforward commercial profile for an owner-user or investor.
The site is positioned along the Broad River Road corridor, an established commercial area with access to major parts of Columbia. Its location places the property within an active business corridor while retaining a straightforward commercial profile for an owner-user or investor.
Key Highlights
- 2,280‑square‑foot auto‑shop property
- Central air included
- Located at 1201 Broad River, Columbia, SC 29210
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,405
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,100
$648.1K
Cap Rate 7%
$462,929
$462.9K
Cap Rate 9%
$360,056
$360.1K
Market Conditions
NOI Build-Up for 2,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.2K $21.60/SF
− Vacancy
−$3.0K −$1.30/SF
EGI
$46.3K $20.30/SF
− OpEx
−$13.9K −$6.09/SF
NOI
$32.4K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$648,100
Cap Rate 7%
$462,929
Cap Rate 9%
$360,056
Alternative Uses
Best Use
Retail
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 5.40%
Second Best
Industrial
$397.7K
$348.0K – $464.0K
NOI $27,837 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$561.4K
$491.3K – $655.0K
NOI $39,300 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
153k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Groceries 17%
Chick-fil-A
Dining
34,273 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
26,067 visits/mo
0.2 miles
Murphy USA
Shops & Services
20,551 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
13,919 visits/mo
0.4 miles
Wendy's
Dining
13,892 visits/mo
0.4 miles
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercial auto-shop property along the Broad River corridor in Columbia, offering an established roadside business location.
Where is this auto shop located?
The property is located at 1201 Broad River Columbia, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,280‑square‑foot auto‑shop property; Central air included; Located at 1201 Broad River, Columbia, SC 29210
